The Competition Protection Agency confirmed its approval for the STA on Wednesday, saying that the takeover was in line with the competition rules in Slovenia in a decision issued on 20 August.

Following the confirmation of by the competition watchdog, the deal is expected to be finalised in September with the money transfer to the sellers, the Iris Capital an Kebek Private Equity funds and the company's management.

Telekom Austria, which is controlled by the Mexican telecommunications giant America Movil, acquired the outright stake in the Amis group, which has around 86,000 users of broadband internet and IP television and telephony in Slovenia in Croatia. The group generated EUR 41m in revenue last year.

Amis held a 11.5% market share in fixed broadband in 2014, trailing Telekom Slovenije (35.1%), T-2 (28.4%) and Telemach (19.7%).

It had the third biggest market share in IP television in the first quarter of 2015, standing at 13.7%, and was fourth in IP telephony with a 9.3% market share.

The Austrian telco has owned since 2001 Slovenia's No. 2 mobile operator Simobil, which holds a 29.4% share on the Slovenian mobile telephony market.

The acqusition of Amis continues the consolation of the Slovenian telecommunications market. Cable operator Telemach completed in April the acquisition of Slovenia's third largest mobile operator Tušmobil, unofficially for around EUR 110m.

Telemach, which also bought in 2013 cable operator Elektro Turnšek for an estimated EUR 25m, is moreover said to be eyeing broadband operator T-2.

What is more, Telekom Slovenije, which is in the process of being privatised, acquired in February the No. 4 mobile service provider Debitel, unofficially for EUR 13m.